Retirement For Law Enforcement In Maricopa
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FAQ
Law enforcement personnel in FERS accrue benefits at the rate of 1.7% per year for the first 20 years of service and 1% per year for each year thereafter. FERS contribution rates vary by date of hire.
That's why national firefighters and members at the Canada Border Services Agency – public safety workers who put their lives on the line every day – are leading a campaign to retire with full benefits after 25 years of service (referred to as “25 and out").
The member must submit an application for retirement as with any retirement situation. Normal retirement is defined as either (1) reaching age 65, (2) reaching age 62 along with at least 10 years of ASRS service credit, or (3) earning at least 80 points.
The ASRS monthly benefit amount used here of $2,368 is close to the average benefit received by an ASRS retiree, before taxes and health insurance are deducted. Please log in to your myASRS account to see your personalized benefit estimate. The health insurance and tax estimates are independent from your benefit.
ASRS is, by the way, one of the highest rated pensions in the country. It's also protected by the AZ constitution, meaning the state can't borrow from it. It is a defined benefit program which guarantees a monthly benefit for life. It's earning 8% a year. Here's how it works.
10 U.S. Code § 1253: Mandatory retirement age for general and flag officers is age 64.
ASRS is, by the way, one of the highest rated pensions in the country. It's also protected by the AZ constitution, meaning the state can't borrow from it. It is a defined benefit program which guarantees a monthly benefit for life. It's earning 8% a year. Here's how it works.
Under both CSRS and FERS, the minimum retirement age is 50 for law enforcement personnel with 20 years of service. Under FERS, employees are eligible for retirement at any age after completing 25 years of service.
ASRS retiree pensions are calculated based on years of service, the retiree's average monthly compensation, and a graded multiplier. For a more detailed look, visit the Estimate Your Benefits page of the Member section at AzASRS.
At age 65 • At age 62 with 10 or more years of credited service • At any combination of years of credited service and age, totaling 80 points. Example: If you have 31 years of credited service and you are 49 years of age, you will be eligible for a normal retirement because you have 80 points (49 + 31 = 80).
